Infinity Stone Ventures Corp. has successfully refined samples from the Rockstone Graphite Project to 99.73% Cg in its metallurgical program metallurgical program (the "Metallurgy Program") with SGS Canada Inc. ("SGS Labs"). The Company intends to spin out the Rockstone Graphite project which is located near Thunder Bay, Ontario ("Rockstone" or the "Rockstone Graphite Project"), to Infinity Stone shareholders by dividend or plan of arrangement.

With the recent results of the fall drill program on Rockstone (the "Fall Drill Program"), the Company believes that Rockstone presents a prospective opportunity warranting an expanded exploration program to build further shareholder value as a standalone entity. The metallurgical testing at SGS achieved the reported purity of 99.73% Cg through NH4F/H2SO4 leach on flotation concentrate. As announced on January 25, 2023, the Fall Drill Program on Rockstone intersected graphite in all four holes with, with assays returning elevated graphitic carbon (Cg) and zinc, with significant mineralization and grade comparable with drilling results from other graphite discoveries, including Nouveau Monde Graphite Inc.'s ("Nouveau Monde") Matawinie Mine.

Hole RS-22-01 intersected 15.68% Cg and 0.56% Zn over 4.83 metres, including 24.05% Cg and 0.72% Zn over 2.33 metres. Hole RS-22-03 intersected 1.87% Cg and 0.06% Zn over 16.45 metres and 3.36% Cg and 0.13% Zn over 101.0 metres, including 21.96% Cg and 0.78% Zn over 4.32 metres. Hole RS-22-04 intersected 10.86% Cg and 0.42% Zn over 14.0 metres, including 17.94% Cg and 0.60% Zn over 7.0 metres.

Hole RS-22-02 intersected 1.70 g/t Au over 2 metres from 198 to 200 metres. The hole did not intersect significant graphite or zinc mineralization. As previously announced on January 10, 2023, RS-22-02 encountered the 2.0-metre interval of gold mineralization from 198 metres to the drillhole's final depth of 200 metres, terminating in the mineralized lithology of intermediate volcanics with quartz veining.

The Company completed drilling of 4 holes, RS-22-01, RS-22-02, RS-22-03, and RS-22-04, totalling 800.0 metres. The Au intersection represents a new regional gold discovery and appears to be associated with Rockstone Cu/Zn/graphite VMS-type exhalite mineralization. While the Company works through the process of spinning out the Rockstone Graphite Project, Infinity Stone intends to immediately mobilise for an extended drill program to extend RS-22-02 to determine further gold mineralization, alongside additional step-out holes.

The Company also will initiate 3D modelling of the results of the Fall Drill Program, ahead of a planned geophysics program, including a down-hole magnetic survey.